CNG policy brings $1b to Free Trade Zones

It has been learnt that the Compressed Natural Gas (CNG) initiative of President Bola Tinubu is one of the major drivers of industrialization.

Key players in the transport, environmental and oil and gas sectors made this observation at the sensitisation programme on CNG infrastructural development at the Onne, Oil and Gas Free Zones.

Speaking at the event, the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, said the initiative remained one of the bold reforms of the President.

The sensitisation which was tagged, ‘Driving Sustainable Transportation: Accelerating CNG Adoption’, was organised by the Portland Gas in collaboration with the Oil and Gas Free Zone Authority.

While addressing the stakeholders, Oduwole said CNG offered a cleaner, cheaper and more sustainable solution for powering vehicles, particularly in the transportation and logistics sectors that underpinned industrial activities.

Oduwole, who was represented by a Director in the Ministry, Theresa Ogolo, said the event marked a significant milestone in the nation’s collective effort to drive sustainable transportation and transition to cleaner and more efficient energy systems.

“The adoption of CNG as a viable alternative fuel aligns with the Federal Government’s broader energy transition strategy, she said, adding that “this strategy seeks to diversify our energy mix, reduce carbon emissions, and harness the economic potential of Nigeria’s abundant natural gas reserves.

“Our presence here today, at Onne Oil and Gas Free Zone is deliberate and strategic. As a hub for innovation, investment, and industrial activity, Onne is ideally positioned to serve as a launching pad for this initiative.”

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